$9,500 Per Month
- 5 Beds
- 4 Baths
- 4,434 Sq Ft
- House for Rent
1600 E Palm Tree Dr, Palm Springs, CA 92264
1600 E Palm Tree Dr, Palm Springs, CA 92264
Frequently Asked Questions
How much does it cost to rent a home in Palm Springs, CA?
The median rent for a home in Palm Springs, CA is $3,300 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Palm Springs, CA?
To comfortably afford the median rent in Palm Springs, CA, a household needs to earn roughly $132,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,300 per month in Palm Springs, CA, renters typically need to show $9,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Palm Springs, CA?
In Palm Springs, CA, the price-to-rent ratio is 16.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Palm Springs, CA are best for renting a home?
The best neighborhood for renting in Palm Springs, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Deepwell Estates, South Palm Springs, Tahquitz River Estates, Indian Canyons and Warm Sands, each with its own character and price range.
